13,776 Shares in Boyd Gaming Corporation (NYSE:BYD) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Boyd Gaming Corporation (NYSE:BYD) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,776 shares of the company’s stock, valued at approximately $907,000.

Several other institutional investors have also recently made changes to their positions in BYD. CoreCap Advisors LLC increased its holdings in Boyd Gaming by 91.0% in the fourth quarter. CoreCap Advisors LLC now owns 573 shares of the company’s stock valued at $42,000 after buying an additional 273 shares in the last quarter. GAMMA Investing LLC increased its holdings in Boyd Gaming by 68.0% in the first quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $51,000 after buying an additional 313 shares in the last quarter. UMB Bank n.a. increased its holdings in Boyd Gaming by 156.0% in the first quarter. UMB Bank n.a. now owns 1,006 shares of the company’s stock valued at $66,000 after buying an additional 613 shares in the last quarter. Investment Counsel Co. of Nevada purchased a new position in Boyd Gaming in the fourth quarter valued at $73,000. Finally, Golden State Wealth Management LLC increased its holdings in Boyd Gaming by 76.9% in the first quarter. Golden State Wealth Management LLC now owns 1,636 shares of the company’s stock valued at $108,000 after buying an additional 711 shares in the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Analyst Ratings Changes

BYD has been the subject of a number of recent analyst reports. Raymond James Financial lifted their price objective on shares of Boyd Gaming from $81.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, June 30th. Mizuho lifted their price objective on shares of Boyd Gaming from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Barclays lifted their price objective on shares of Boyd Gaming from $73.00 to $87.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Macquarie lifted their price objective on shares of Boyd Gaming from $74.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Finally, Truist Financial lifted their target price on shares of Boyd Gaming from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $86.62.

Boyd Gaming Stock Performance

BYD opened at $83.60 on Friday. The firm has a market capitalization of $6.81 billion, a PE ratio of 12.86, a PEG ratio of 2.88 and a beta of 1.24. Boyd Gaming Corporation has a twelve month low of $52.76 and a twelve month high of $87.76. The firm’s 50-day moving average price is $79.07 and its 200 day moving average price is $74.04. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 2.53.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.20. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $976.81 million. Boyd Gaming had a net margin of 14.02% and a return on equity of 40.65%. Boyd Gaming’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 earnings per share. As a group, sell-side analysts expect that Boyd Gaming Corporation will post 6.52 EPS for the current fiscal year.

Boyd Gaming Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 16th were given a dividend of $0.18 per share. The ex-dividend date was Monday, June 16th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. Boyd Gaming’s payout ratio is presently 11.08%.

Boyd Gaming Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.